An undisclosed Swiss occupational pension fund has tendered a global, developed-country securitised-bond mandate using IPE Quest.
According to search number QN-2131, the client will award either a single $800m (€725.5m) mandate or two separate mandates worth $400m each.
The client is looking to award an index mandate – passive or semi-active – through a separate account and benchmarked against the Barclays Global Aggregate Securitized.
The mandate prohibits the use of derivatives, apart from interest-rate futures and foreign-exchange forwards.
Applicants should have at least $5bn in assets under management (AUM) in the asset class and $10bn in overall AUM as a company.
Fund managers should also have a minimum track record of three years, and preferably five.
Interested parties should state performance, gross of fees, to the end of September.
The deadline for applications is 20 November.
The IPE news team is unable to answer any further questions about IPE Quest tender notices to protect the interests of clients conducting the search. To obtain information directly from IPE Quest, please contact Jayna Vishram on +44 (0) 20 3465 9330 or email jayna.vishram@ipe-quest.com.
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